FTD Companies Inc.
Period: Mar 13, 2015 to Mar 14, 2017
Lead Plaintiff Deadline: May 19, 2017
Summary of Case:
A securities class action has been filed against FTD Companies Inc. (Nasdaq: FTD) on behalf of all persons who purchased or otherwise acquired FTD securities between March 13, 2015 through March 14, 2017. This case has been filed in the USDC - Illinois (Northern).
The complaint alleges that on March 14, 2017, FTD announced that it had discovered "errors" relating to "the assessment of cross-border indirect taxes." FTD further noted that, as a result of the errors, it would edit its previously-reported consolidated financial statements for the years ended December 31, 2015 and 2014 and for the quarters in the years ended December 31, 2015 and 2016.
When this information was revealed to investors, the value of FTD fell, causing investors harm.
If you purchased this company's shares during the Class Period and suffered a loss or for further information about the case, please review the links below.